Want a cheaply priced house? Then at $285,000 this month, Cardston, Alberta is a possibility for you price wise.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 339 neighbourhoods that have more properties on sale than Cardston at the moment in Alberta which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Cardston there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Cardston was Canada’s 138th most expensive suburb by listed median house price this month.
While the median for Alberta is $259,000 , which means that Cardston’s median price is $339,250 considerably better than the rest of the province.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 4.
Alberta has the fourth most amount of properties available to property investors, with Cardston having 80th most in the province, out of a total of 99.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Cardston will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Cardston, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.